The Billion Dollar Bitcoin Bet: How Jack Mallers Just Took Over the Crypto World

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Well, folks, it looks like Jack Mallers is at it again. In a move that can only be described as “ambitious” or “utterly insane” (depending on your perspective), his brainchild, Twenty One Capital, just scooped up a whopping 4,812 Bitcoins. That’s a cool $458.7 million. Yes, million. As in, more zeros than you’ll ever see in your bank account. 💸

Wait, What’s Happening? Twenty One Capital Spends $458M on Bitcoin

In what can only be called a power move, this newly minted bitcoin investment firm is flexing its muscles. This is their first major acquisition since they opened up shop in late April, and clearly, they’re here to stay. No one is going to mistake them for the Bitcoin newbies now.

The deal was made possible thanks to Tether, the stablecoin juggernaut, which handed over the BTC to Mallers after some corporate paperwork gymnastics with Cantor Equity Partners. Because, you know, you can’t just buy Bitcoin like you’re grabbing a sandwich from the deli. No, no, this is serious business.

Let’s Talk SPACs and Tether — The Corporate Love Story

For those not keeping score at home, Twenty One Capital came to life through a SPAC merger with Cantor Equity Partners, and they kicked off their journey with a hefty $3.6 billion worth of Bitcoin. Not bad for a company that was just a twinkle in someone’s eye a few months ago. And now, thanks to this latest acquisition, their total Bitcoin holdings are sitting pretty at $4.05 billion. That places them as the third-largest corporate holder of BTC globally. Not bad for a start-up, right?

The whole transaction was made possible through a private investment in public equity (PIPE) deal—don’t you love corporate jargon?—and funds were raised through convertible notes offering. Basically, Tether was holding onto the BTC in their vault like a dragon guarding treasure, then handed it over to Mallers once all the paperwork was sorted. 🐉💰

The Saylor Playbook: Now with Extra Aggression

If you’ve heard of Michael Saylor, you’ve probably heard of “Saylorization.” If not, don’t worry — it’s a term coined by Bitcoin advocate Max Keiser, and it’s about to become your favorite new buzzword. Mallers and his gang are basically taking a page from Saylor’s playbook (because apparently, it’s available for public consumption) and running with it like a marathoner who’s had too many energy drinks.

Backed by Tether, Bitfinex, and SoftBank (you know, just a few minor players in the financial world), Mallers is making sure Twenty One Capital’s Bitcoin strategy screams “I’m here to disrupt your whole industry.” He’s even going so far as to model his moves after Saylor’s own famously aggressive Bitcoin accumulation plan. Welcome to the new world order, where holding fiat currency is for suckers and Bitcoin is the future.

Max Keiser himself didn’t hold back, calling this whole endeavor “a generational shift in corporate capital allocation.” He went on to say,

“Twenty One Capital isn’t just stacking sats — it’s leading a generational shift in corporate capital allocation…Jack Mallers is taking the Saylor playbook and turning it into an arms race…For corporations to survive, they must mimic the Strategy’s process, they must ‘Saylorize’ or die.”

Bitcoin Everywhere — Just Get Used to It

The Bitcoin frenzy is officially no longer a “phase.” The trend of corporate entities adding BTC to their portfolios is accelerating faster than a college student with a $50 pizza order. Japan’s Metaplanet just raised $15 million through bonds to expand its Bitcoin holdings, leaving El Salvador in the dust with a $126.7 million purchase. And El Salvador? Oh, they’re still plugging away with their Bitcoin bonds, proving this whole “corporate Bitcoin acquisition” thing is far from a passing fad.

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2025-05-14 20:30